Overview
What is The Southeast Virginia Community Foundation?
The Southeast Virginia Community Foundation, located in Chesapeake, Virginia, serves as a bridge between individuals with charitable intentions and various causes within the South Hampton Roads area. Established with a mission to enhance the community's quality of life, the foundation manages charitable funds and offers grants and scholarships to nonprofit organizations. Their areas of focus include arts and culture, education, health and human services, civic and economic development, and religion. The foundation also provides grants from designated or field of interest funds, as well as from its Community Needs Fund, which draws from unrestricted dollars. With a team of three dedicated employees, the Southeast Virginia Community Foundation plays an essential role in supporting local causes and fostering community development.
Official website here: www.sevacf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98%, Four-Star out of Four Star rating.
The Southeast Virginia Community Foundation has received an impressive 98% rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The organization boasts a perfect score of 100% in Accountability & Finance, with commendable ratings across various metrics, such as independent board member representation and financial oversight. This reflects a robust governance structure and transparency in its operations.
With a program expense ratio of 88.52%, the foundation demonstrates that a significant portion of its resources is directly allocated to its mission-driven programs. The foundation's dedication to ethical practices is highlighted by the presence of comprehensive policies, including conflict of interest and whistleblower policies, which contribute to its transparency and accountability.
While the Culture & Community score stands at 83, indicating a solid but slightly lower performance in this area compared to its financial accountability, the foundation still exhibits a commitment to equity strategies. Overall, the Southeast Virginia Community Foundation is recognized for its effective management and dedication to fostering community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is The Southeast Virginia Community Foundation legitimate?
The Southeast Virginia Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Southeast Virginia Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $81,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,755
For more financial information, click here
Official website here: www.sevacf.org
What is the mission statement of The Southeast Virginia Community Foundation?
The Southeast Virginia Community Foundation enhances the quality of life in various communities by connecting individuals who are passionate about giving with causes, both large and small. They manage charitable funds and provide grants and scholarships, ensuring that resources are distributed effectively and equitably. The organization's mission is to support nonprofit organizations in various sectors, including arts and culture, education, health and human services, civic and economic development, and religion, through grants and other forms of aid. The foundation takes suggestions for grants from fund advisors, uses designated or field of interest funds for grants, and recommends and approves grants from the community needs fund, which is funded by unrestricted dollars.
Official website here: www.sevacf.org
Who is the CEO of The Southeast Virginia Community Foundation?
Richard E H Wentz is the Past Pres. of The Southeast Virginia Community Foundation. The CEO's salary of The Southeast Virginia Community Foundation is $81,000 and their total compensation is $81,000.
Official website here: www.sevacf.org
What is the revenue of The Southeast Virginia Community Foundation?
The Southeast Virginia Community Foundation's revenue in 2022 was $921,181.
Official website here: www.sevacf.org
Who are the executives of The Southeast Virginia Community Foundation and what are their salaries?
The average compensation at The Southeast Virginia Community Foundation during 2022 was $51,918. There are 3 employees and 16 volunteers at The Southeast Virginia Community Foundation.
Here are 15 key members and their salaries (The Southeast Virginia Community Foundation's CEO's salary is $81,000 and their total compensation is $81,000):
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Official website here: www.sevacf.org
Where can I find the form 990 for The Southeast Virginia Community Foundation?
The Southeast Virginia Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sevacf.org
Learn more at the official website: www.sevacf.org
Mission Statement of The Southeast Virginia Community Foundation
The Southeast Virginia Community Foundation, in its mission, strives to enhance the quality of life in various communities by serving as a bridge between individuals who are passionate about making a difference and various causes, both large and small. The foundation achieves this by managing charitable funds, providing grants, and offering scholarships. By doing so, it connects those who care with the causes that require their support, thereby contributing to the betterment of the community as a whole. The foundation's activities are diversified, extending to areas such as arts and culture, education, health and human services, civic and economic development, and religion. The grants provided by the foundation are either suggested by fund advisors, drawn from designated or field of interest funds, or recommended and approved by the board of directors from the community needs fund, which is funded by discretionary funds derived from unallocated resources.
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Impact
October, 2024
The Southeast Virginia Community Foundation plays a crucial role in enhancing the quality of life in South Hampton Roads by effectively connecting individuals and organizations with a wide range of philanthropic causes. Through the management of charitable funds, the foundation provides grants and scholarships that address various community needs and initiatives.
By funding projects in diverse areas such as arts and culture, education, health and human services, civic and economic development, and religious organizations, the foundation significantly contributes to the enrichment of the local community. Grants are suggested by fund advisors and distributed from designated or field of interest funds, as well as through discretionary funds approved by the Board of Directors. This strategic approach ensures that resources are allocated where they are needed most, fostering growth and support within the region.
Ultimately, the Southeast Virginia Community Foundation not only supports existing efforts but also champions new initiatives, empowering individuals and organizations to make a lasting impact in their communities.
This information is meant to be a general summary of The Southeast Virginia Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $235,532
- Gross Receipts: $7,571,155
Assets and Liabilities:
- Total Assets: $15,296,794
- Total Liabilities: $1,640,700
- Net Assets: $13,656,094
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Organization Details
Founding Year
2010
Phone
(757) 397-5424Principal Officer
Richard E H Wentz
Main Address
1435 CROSSWAYS BLVD SUITE 303, CHESAPEAKE, VA, 23320
Website
www.sevacf.orgNTEE Category
Code: T31 - Philanthropy
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